Silver Crown Royalties Completes Second Tranche of Private Placement, Raises C$489,515
TL;DR
Investors can benefit from Silver Crown Royalties' successful second tranche closure, gaining precious metals exposure and potential returns.
Silver Crown Royalties closed the second tranche of units at C$6.50 per Unit, totaling 142,848 and gross proceeds of C$928,512.
The proceeds will help fund silver royalty acquisition in Peru, supporting economic growth and maximizing returns for shareholders.
Silver Crown Royalties provides a natural hedge against currency devaluation, offering a unique investment opportunity in the precious metals market.
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Silver Crown Royalties Inc. has announced the closing of the second tranche of its non-brokered private placement, raising approximately C$489,515 through the issuance of 75,310 units. Each unit was priced at C$6.50 and consists of one common share and one common share purchase warrant. The warrant provides investors with the right to acquire an additional common share at C$13.00 within three years of the closing date, offering potential future upside while immediately strengthening the company's financial position.
This latest capital infusion brings the company's total issuance to 142,848 units across both tranches, generating cumulative gross proceeds of C$928,512. The successful completion of this financing round demonstrates continued investor confidence in Silver Crown's business model and growth strategy. The company has strategically allocated these funds to partially finance the second tranche of its silver royalty acquisition on the Igor 4 project in Peru, while also covering general and administrative expenses necessary for ongoing operations and future expansion.
All securities issued through this private placement are subject to a standard four-month and one-day statutory hold period in compliance with securities legislation, ensuring proper market regulation and investor protection. As a publicly traded silver royalty company, Silver Crown currently maintains four silver royalties, with three already generating consistent revenue streams. The company's unique business model provides investors with precious metals exposure while offering a natural hedge against currency devaluation and mitigating the potential negative impacts of production cost inflation that often affect traditional mining operations.
The financing structure, combining immediate equity with longer-term warrant options, creates a balanced approach to capital raising that benefits both the company and its investors. The additional capital strengthens Silver Crown's ability to pursue strategic acquisitions and expand its royalty portfolio while maintaining financial stability. This transaction represents an important milestone in the company's growth trajectory and enhances its capacity to capitalize on opportunities in the silver royalty market, particularly in promising projects like the Igor 4 project in Peru that represent significant potential for future revenue generation and shareholder value creation.
Curated from NewMediaWire

